Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Valero Energy Co. (NYSE:VLO) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,068 shares of the oil and gas company’s stock after buying an additional 11,851 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Valero Energy were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Willingdon Wealth Management bought a new position in shares of Valero Energy during the 3rd quarter valued at $100,000. Cable Hill Partners LLC lifted its holdings in shares of Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 1,198 shares during the period. San Francisco Sentry Investment Group CA lifted its holdings in shares of Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 1,386 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Valero Energy during the 4th quarter valued at $135,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Valero Energy by 300.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,398 shares during the period. 81.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Valero Energy Co. (NYSE VLO) opened at $98.69 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $43,590.00, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. Valero Energy Co. has a twelve month low of $60.69 and a twelve month high of $99.95.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, February 12th. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.24%. Valero Energy’s dividend payout ratio (DPR) is currently 60.74%.

Valero Energy announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

VLO has been the topic of a number of recent research reports. Bank of America raised their target price on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup raised their target price on Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $98.00 target price on shares of Valero Energy in a report on Monday, January 22nd. Credit Suisse Group initiated coverage on Valero Energy in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 target price on the stock. Finally, ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $84.94.

In other Valero Energy news, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total transaction of $126,192.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares in the company, valued at $28,837,711.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,287 shares of company stock worth $27,860,150. Insiders own 0.45% of the company’s stock.

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Valero Energy Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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